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Cayman Finance hosts successful New York event

| 26/02/2015 | 4 Comments
CNS Business

Jude Scott, CEO Cayman Finance at New York event

(CNS Business): Cayman Finance hosted another successful New York Breakfast Briefing at the Harvard Club of New Your City. This was the second time the organisation hosted the event, but it was the first time since the appointment of new CEO, Jude Scott.

The event brought together more than 160 attendees, 100 of those being key business contacts and partners from leading New York firms and institutions, as well as government officials and industry representatives from the Cayman Islands.

Scott said he was delighted at the outcome of the event both in numbers and feedback received from attendees.

“It is imperative we remain accessible to our key stakeholders and proactive in promoting advancements within Cayman, both at a government and private sector level, that keeps us at the forefront of the global financial services industry, so an event like this is invaluable,” he said. “Cayman Finance and the Ministry of Financial Services have collaborated closely during the planning of this event to ensure we jointly convey to our key overseas stakeholders that the Cayman Islands financial services industry values the input of our clients and business partners to enable us to deliver innovative products and services.”

During opening remarks at the briefing Scott noted that it was “important for our industry to be committed to ensuring our New York business partners are experiencing excellence in all their dealings with the Cayman Islands, at every level and within both the private and public sector, while having a constant focus on appropriate legislative and regulatory balance.”

Speakers at the event also included Financial Services Minister Wayne Panton and Jackie Doak, COO of Dart Enterprises.

CNS Business

Financial Services Minister Wayne Panton at New York event

Minster Panton’s speech was based on the achievements following last year’s New York Breakfast Briefing, and new and upcoming legislation being developed to provide new offerings and advantages to industry partners and their clients.

“Cayman Finance, which represents our jurisdiction’s financial services industry, has a strong partnership with Government.  We are pleased to have industry working closely with government on the development of further legislation, and assisting with an additional legal draftsman dedicated to financial services,” Panton said.

“This is an excellent development, because it will accelerate the good work we are undertaking to further strengthen our legislative and regulatory framework,” Panton said. “It provides yet another strong connection between industry and government, which will further improve Cayman’s ability to bring to market products that are responsive to global industry needs, as well as responsive to global regulatory requirements.”

Cayman Finance’s CEO said he appreciated having Doak as a speaker at this event. “It is important that overseas business partners and investors recognise that the Cayman Islands has a thriving economy with committed ongoing development investments, new infrastructure and a high standard of living,” Scott explained.

In Doak’s presentation she said that Dart, the islands’ largest developer and investor, remains committed to the Cayman Islands and has a 10 year plan to further invest in the jurisdiction and expand Camana Bay though the Seven Mile Beach corridor, which was well received by the attendees.

“Dart’s success is inextricably tied to that of the financial services industry, and we were pleased to share both our 10 year development plan and our confidence in Cayman’s economy with the industry’s key clients. We look forward to continuing to promote the Cayman Islands both as the leading jurisdiction and also one of the world’s premier destinations to live, work and visit,” Doak said.

Tourism partners such as the Cayman Islands Department of Tourism (DoT) provided a Cayman getaway prize package, which included roundtrip airfare for two on Cayman Airways, four nights’ accommodation at The Ritz-Carlton and tickets to a local attraction.

The Breakfast Briefing event was part of a successful weeklong schedule of meetings by Cayman Finance and the Ministry of Financial Services with leading NY firms, institutions, and global media correspondents.


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Category: Finance, Financial Services

Comments (4)

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  1. Anonymous says:

    How do you measure success at the event? Number of coffee mugs handed out? Numbers in attendance. Shouldnt you at least wait to see how much real business has been produced from this trip before calling it a success??

    • Anonymous says:

      You completely misunderstand the objective of such an event. You measure success by attendance and feedback all of which was positive.

  2. Anonymous says:

    Glad to see events like this happening. I hope Cayman Finance take more of a lead and responsibility for the promotion and well being if their industry. They, more than a Minister, should know what has to be done and what changes are needed to meet the future. The Government Ministry should be involved to assist.

    • Anonymous says:

      Generally agree but the good thing is that particular Minister knows as much as anyone in the private sector

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